In dismay of economic instability, more businesses calls it quit due to the financial difficulties. The economy that since 2007 received a rating of 47% in foreclosures continues to face difficult challenges. The economic turmoil of the Northern Mariana Islands is a negative portrait to investors and businesses alike. This figure is probably worse today than it was then, when will it end?
Take for example Verizon, such a large conglomerate company, but there tactics as was told to me by my brother who worked for them at one point indicated that the company does not necessary look at recession as a downfall, but merely looks in the "other" direction where they can make a buck or two.
Can the CNMI look at business this way?Can our tourism officials see that maybe something is not working right with their investment abroad through their offshore offices and what not? Are our advertising plans and actions of acquiring tourist for the islands weak? Is there enough money to support the global competition for tourism? Where do we stand on the paramount downsizing of airlines support for our islands?
This is a reflection of climate change and whether we are ready to embrace the change and effect change, we need to start with our attitude and be driven to find the "other" to steer this economic turmoil. What we face will be depended upon the people who can make change in their way. Are you ready to effect change?
Now, as an entrepreneur as well, I am looking at the "other" direction. The time is now to get off and sweat more. Determination is my drive, happiness is my success.
Yes, I lost my job, my secured income, but nevertheless, this does not make me incapable of moving and earning for a living. I am determined to get out of this slump and find my oasis in the desert of despair. My wife supports me and my children rely on my presence to deliver, I cannot fail anyone. Not now and not ever!
Wake up Marianas! Go Local and support our local businesses as this is a start! Our Sabalu market, our T-shirt stores that are locally owned, our products that may seem expensive, but in the end, we are all keeping the funds locally and used for our very own benefit.